Financial Conduct Authority  

FCA reveals rules for advising on cryptoassets

In an example of its enforcement, the FCA advised if a person provides advice in relation to cryptoasset security tokens that amounts to the regulated activity of advising on investments, but is not authorised or exempt, they may be in breach of the regulator's rules. 

HM Treasury is due to consult this year on potentially expanding the FCA’s regulatory perimeter to bring in further types of cryptoassets and the regulator will consult on banning the sale of derivatives linked to certain types of cryptoassets to retail investors.  

rachel.addison@ft.com